When Valuing a Business

When valuing a business,

A) Post-money valuation is the value that the entrepreneur and the investor agree upon as to how much the company is worth before any investment.
B) Valuation at the initial phase of a company's life is easier because the sales and cash flows are more certain than in later rounds of funding.
C) At the later stages of a company's growth, the major factor that determines the value of the business is cash flow and generation of profits in the marketplace.
D) Valuations are based solely on financial calculations such as internal rate of return and present value concepts.